| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Good |
| Demographics | 52nd | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 33 Liberty St, Monticello, NY, 12701, US |
| Region / Metro | Monticello |
| Year of Construction | 1982 |
| Units | 97 |
| Transaction Date | 2011-10-20 |
| Transaction Price | $4,100,000 |
| Buyer | MONTICELLO PRESERVATION L |
| Seller | HOUSNG MONTICELLO SENIOR |
33 Liberty St, Monticello NY Multifamily Investment
Renter concentration in the surrounding neighborhood supports a deeper tenant base, while amenity access is competitive for the county according to WDSuite’s CRE market data. Investors should underwrite for neighborhood-level occupancy that trends below national norms, with strategies to drive retention and lease stability.
The property sits in an Inner Suburb location of Monticello with a neighborhood rating of A+ (ranked 1st among 62 Sullivan County neighborhoods), signaling relative strength on local fundamentals for services and everyday convenience. Amenity access is competitive among county peers: pharmacies and cafes rank 1 of 62 locally and benchmark in the low-to-mid 70s nationally by density, while groceries and restaurants rank 2 of 62 and also sit above national medians. This supports day-to-day livability and can aid leasing and retention.
Neighborhood occupancy is measured at the neighborhood level and currently trails broader U.S. benchmarks, so operators should plan for active leasing and renewal management. At the same time, the share of renter-occupied housing units is elevated (ranked 5 of 62 locally and around the 90th percentile nationally), pointing to a deeper renter pool and demand resilience for multifamily. Median rent levels in the area are lower than national norms, a factor that can help sustain lease renewal rates and moderate turnover.
Home values in the neighborhood are lower than national averages, which can introduce some competition from entry-level ownership. However, rent-to-income conditions indicate manageable affordability pressure for renters, supporting lease retention for appropriately positioned product. For context, observations and comparisons here reflect neighborhood statistics rather than the property’s own performance, and this commercial real estate analysis draws on market indicators from WDSuite.
The average construction year across the neighborhood skews older (1959), while this asset was built in 1982. That relative youth versus the local stock can enhance competitive positioning against older properties, though investors should still account for modernization of systems and common areas to meet current renter expectations.
Comparable safety benchmarking for this neighborhood is limited in the current dataset, so investors should rely on broader county trends and on-the-ground diligence. Where data are available, use comparative framing (neighborhood versus metro) rather than block-level assumptions, and monitor any changes as refreshed reports are published.
Given the absence of ranked crime metrics here, prudent underwriting would incorporate standard security design, lighting, and property management practices, and align marketing toward the asset’s proximity to everyday amenities that support resident activity and oversight.
Key employer proximity details with verified distances are not available in this dataset. Investors can supplement with local employer canvassing to quantify commute patterns and workforce housing demand tied to healthcare, education, government, and service-sector nodes in Sullivan County.
33 Liberty St comprises 97 units, built in 1982, positioning it newer than much of the surrounding housing stock. That vintage suggests competitive standing versus older properties, with potential value-add through targeted system updates and common-area refreshes. The neighborhood shows elevated renter-occupied share, indicating a deeper tenant base and support for rental demand even as neighborhood occupancy trends below national levels. Amenity access is strong locally, aiding day-to-day convenience and resident retention.
Lower neighborhood rent levels and a manageable rent-to-income profile support leasing durability, while relatively modest home values may create some competition from ownership alternatives. On balance, thoughtful pricing, unit finishes, and resident services can help sustain occupancy stability in line with local demand patterns; according to CRE market data from WDSuite, this submarket’s fundamentals favor workforce-oriented positioning and renewal-focused asset management.
- 1982 vintage offers competitive positioning versus older neighborhood stock, with targeted modernization upside.
- Elevated renter-occupied share signals a deeper tenant base and supports ongoing multifamily demand.
- Strong local amenity access (pharmacies, cafes, groceries, restaurants) supports leasing and retention.
- Manageable rent-to-income dynamics can bolster renewal rates and pricing discipline for workforce product.
- Risks: neighborhood occupancy trends below national norms and ownership alternatives may compete; plan for active leasing and value-focused unit positioning.